DEPRESSED MARKET
MUTTON AND LAMB. SCOTTISH FARMERS CONCERNED DOMINIONS BLAMED. (United Press Association—By Electric Telegraph.—Copyright.) Deceived March 5, 9.30 a.m. LONDON, March 4. The National Farmers’ Union of Scotland has sent a letter to the Cabinet Minister (Mr W. E. Elliot) asserting that excessive importation of Australian and New Zealand mutton and lamb had depressed the prices for Home-grown, threatening the ruination of the industry, and asking for action under the Live Stock Act, whereby the Government is entitled to regulate supplies. It is gathered, however, that no Government action is at present contemplated. Prices have fallen 2d per lb in the year, but it is considered that there has not been an abnormal flood of imports. ALL-ROUND WEAKENING. EFFECT OF ESTIMATES. LONDON, March 3. The Army Estimates have cast a shadow over the markets, resulting in falls in gilt-edged securities, and weakening all round, industrials being especially weak. RESTRICTED TONE. Received March 5, 9.50 a.m. LONDON, March 4.
The markets are very restricted under the political and the end of account influences. British funds are irregular. Mine issues are scarcely mentioned, while international issues are inclined to sag, and industrials are lifeless.
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Bibliographic details
Manawatu Standard, Volume LVIII, Issue 82, 5 March 1938, Page 9
Word Count
193DEPRESSED MARKET Manawatu Standard, Volume LVIII, Issue 82, 5 March 1938, Page 9
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